Pit bull trading strategy by brijon

Dreamliner. Really appreciate your pdf efforts , simple step by step instructions.
With some practice the system should become understandable.
I shall work with two separate MT 4 platforms , one as a "template" with the 10 currency pairs and the other for actually trading.
One item you may wish to look into is the placing of interest bearing trades and add this to the pdf.Thanks.

Thanks Puppet, but all credit should go to Brijon, I'm just his lackey .

I'm unfamiliar with using this method with interest bearing trades. If you can clarify this request I'll add it to the PDF.

(And remember, go slow in your explanation, be clear, clap out the syllables for me).

Post #52 is key to managing trades, as I see it. You only take trades that are exhibit profitability, that is , position 10 on the Pit Bull indicator. Once trade is opened, it can immediately climb out of the bottom three positions, say position 7, and show a loss. If it then it falls back into the bottom three positions (8, 9 or 10) in the indicator in your demo account, look for stable profitability (say 20 seconds), then take profit.

If the trade does not go to profit, manage the drawdown. How do you do that? (1) add additional "profitable" trades using Pit Bull methodology, see Dreamliner document, (2) only take profits if drawdown is acceptable, profitable trades will "hedge" drawdown and (3) continue to take profits when drawdown returns to acceptable level.

As Brijon repeatedly states: "Managing the drawdown is key".

As I said earlier, this is just how this dummy sees it.

This is beautiful JMF, very well said!

and here are the 14 pairs...


ps: and 3 pairs too...

Would you (or Russ) mind taking the time to list the 14 pairs, and state whether they are buy or sell? I take it these are just the 10 "Indicator Account" pairs, plus 4 more.

To control drawdown you need to do what I do - Use HUGE stops relative to your position ( 2000 pips stop ). Don't risk

more than 4% of account. Before your eye balls pop out of your eye socket, let me explain by using this example using a

mini account with 0.10 lot = 10 cents per pip:

Account size: $10,000
Use only 2% of $10,000 = $200 per position..
Max number of position open = 2!!

Steps:

1. Research, Read and understand trends.
2. Find a pair that is "IN" a trend and open a position in the direction of the trend. ( for our example, the trend is up )
3. Open only 0.10 lot = 10 cents per pip..with the 2% rule, in order for you to lose on this position, you need to lose 2000

pips!! ( if that happens then you need to re-research, re-reader and get a better understanding of trends. You can afford to

do this because you only lost 2%!!! not 100% of your margin )
4. Now usually right after opening your position it will go negative, but if you get the trend right, it will go positive. Now

as per your example with BOJ intervention, no sweat!! since they were only able to push it 400 pips ( not even 25% of your

stop )
5. Once your first position becomes positive, you "MAY OPEN" one more position...since we are long in this example, wait

for dips to support and open a long position at that price with only 0.1 lot = 10 cents per pips. ( This second position is a

daytrade or scalping position )
6. VERY IMPORTANT: Last "support" or stop of the second position cannot pass below your first positions opening price if

you only want to risk 2% + %of position relative to first positions opening price. (exception - if you want risk 4% total for

both position, then it's ok to set stop on the second position with 2000 pips( calculated 2000 - (second position opening

price - first position opening price see example below), but this second position becomes a swing trade instead of

(scalp/daytrade)).

example: 1st position long eurusd at 1.3000 : 2nd position long eurusd 1.3500 then second position stop should be set at

2000 - (1.3500 - 1.3000 = 500 pips) = 1500 pips so second position price in the exception above should be set at 1.1500

7. Now set target range on the second positions as you wish...1 pips to 50 pips, but i found a target of 25 pips is great!!.
8. Once target is reached on the second position , close it and take profit. Repeat process 5 - 8 to print money just like BriJon said.

9. For those who wants to add the second position below the first positions opening price you may do so too..but stop for the second position should NOT be set below the first positions stop.

YOU MAY ONLY HAVE 2 positions open!! THAT'S ALL

So basically you are riding the the trend with the second position, scalping/daytrading pips here and

there..FREE MONEY!!

If everything else fails and you lose both positions both with 2000 stops, you would have only lost 4% of your account. You will have more than enough to trade another day!! Believe me, losing 2000 pips with one position at the size and rules mentioned above is not easy to do, in 1 week or even 2 weeks!!! in fact, i've never seen it happen, SNB intervertion a few weeks ago came close, it took them 8 weeks to push USDCHF 2500+ pips! when that happens you can find another pair to hedge your original positions!! (Hedging is another lesson for another day) LOL


This is my guess of what Brijon is showing on his basket with DRAWDOWN control, but Brijon opens many pairs...DojiSan

thought me this method and I guess Brijon must have picked it up from him.

I follow the rules above with unmoving self-discipline... trading forex and making money is this easy guys/gals!!

For those who do not understand what Brian writes on these forums, and I am one of them, look at his videso he explains it well.

This is very simple...

Put that last column in Profit and Loss order. The one with the most profit, look at the trade, if it is a sell, then sell... if it is a buy then buy...

This method can be improved even more, when placing a trade, we should have a maximum DD for each trade and then hedge position and then whichever way we are making money, move into that position and once daily target has been reached... close all positions and rinse and wash and compound this!

Key thing is MM and DD.

Regards,
Vip

There are only 10 pairs in the zip file labeled "14 pairs" and there are 5 pairs in the "3 pairs".

All I did was import the html in each file to Excel and turn on filtering to see how many unique currency pairs there were.

Hang on... had a light bulb moment.. what about doing the same for the losses?

Hedge the loss in the opposite direction with a slightly bigger position therefore reducing your exposure... I am just throwing things into the ring to see if there is anyone else can pick up on these ideas.

Regards,
Vip

It's probably better to try and understand OP's system first, before trying to "improve" it.

I'm grateful to Brian for opening this thread but, am just as grateful to Dreamliner for translating the strategy into plain and simple English.

If I've missed a post or video, then my apologies but, can anyone tell me how many pips profit/loss is acceptable on each pair. Yes; I have watched the videos and am none the wiser.

Guess I"m not sure why we're using the demo account as the .01 indicator.

Watching the video it seems quite clear that once one of the bottom 3 slots become in stable profit, you then open a new order in the same direction with larger lot size such as .03 and you close the original .01 order.

My question is: Now if the .03 order drops down into one of the bottom 3 slots and is stable, we need to open another order to replaced the .03 we are about to close. Do we continue to increase the lot size or do we start all over at .01 (or whatever your particular lot size is your using) or do we increase again to .05 or whatever? I'm sure I read somewhere that brijon starts over each time. Anyway after watching him trade live, I don't see much of an increase in lot size after every successful trade. Dropping back to the indicator size of .01 seems to make sense to me so as to not get too carried away with size. And of course if you can hedge, then every one of these 2nd trades (.03) will be eating away at DD.

I'm wondering the same thing. If the 'indicator' also shows which pairs are going the other way, why not trade them accordingly? And why do Brian's threads always give me a headache?

interesting on the three pair, can you explain better how you manage the trades ...if i kept it good , as you start you sell all three of a ring ( euraud audusd eurusd )
an you buy all three of another ring ( eurgbp eurusd gbpusd )

than you close the profits and hedge accordingly ...

i appreciate if you clarify

thanks

OK Guys after studying the method, still learning but this is how i understand and have been using it.

Open up a hedge, dosnt have to be brians exact pairs just a combination that hedges. 101 pairs for example or yens usd or whatever. You can use from 6-14 etc etc etc.

Place your hege. Allow hour or so for this to soak in. Keep in mind with the trades hedged your dd would be limited to a certain amount, also it would be limited to a certain amount profit. Just think for a second you could leave this on and it would make you money if you waited. No telling how quick it would all go in profit but it would. I have trade this way live alone when I did the 101 stuff.

When you are placing your hedge combo use 0.01 or the min lot that the broker will allow you to use it. Order the trades by profit and the key slots the 3 that go profit, i just look at 2 myself. When one goes profit I close it out. What do you class as profit? Well am currently taking it when it goes 10 pips profits after spread. Iv heard people quoting 5-50 pips on this subject. One those personal things i guess. So trade in slot 1 goes profit. You close this out, then but the same trade back on for the same lotsize. Key point here you lock a tiny bit of profit in. Think of it this way. The tide is comming in. Profit (the wave) hits your feet. It is cahsed in. You drop another into the ocean same type and direction. By noting in your head how long it takes to get back to your feet (slot 1) how powerful the trend / movement is. If the trade comes again in profit I up the trade to 0.04 or above. This proccess is repeated on and on.

Now when you look at your buys and sells, the account is organised by profit. As time goes on the group of buys or sells will mix together and when there is a trend they will all settle one side or another. If the hedge is showing the trend is long you increase the lotsize of the items your putting back on the long size. If you start getting caught in a trend change. You will see this when the slots of the buys or sells start to break up. You need to alter the bias of the hedge to the new direction. If DD starts growing in Demo I have been using a 10* lotsize for a scalp with the slot one pair. These sort of trades have to be fast and you cant hold on too them.

I am currently using an ea to manage exits and in talks with one to do the entries but that not for this thread.

Iv attatched 3 zips here, one of 14 pairs trading this method from last week. Another of using 6 pairs for a day. Also another iv automated for a different strategy of brians.

Respect to everyone

Russ - Now full time trader

lets slow down

first trading use plain print money stage


my method is no different than normal trading you are doing

eexcept showing you one can trade make trades at a rate you will never dream posible

but this just highlights to you drawdown becomes a serious issue over time


so you can utalize the many advantages of the PIT BULL TRADER TO TRADE ANY SYSTEM YOU WANT OR ANY INDICATOR

using timing of PITBULL TRADER FOR ENTRY AND EXIST



PIT BULL TRADER GIVES YOU TIMING OF ENTRY TIMING OF EXIT


RUNNING PIT BALL TRADER SHOWS YOU ANY BODY CAN PRINT MONEY

THAT IS THE POINT MAKING 100% HIT RATE


SO FOR MANY WILL TRADE THE WAY THE WANT THERE IS NO RIGHT OR WRONG WAY

but if you run my system of printing money flat out as a money making printing machine like all trading drawdown becomes a problem over time


THE ONLY THINK PIT BUL TRADER shows you anyone can print money

trading is how you manage drawdow


there is no right or wrong way

ONLY IF YOUR NOT PROFITABLE LONG TERM TRADING

so if you are trading making money over time stick to your system

PIT BULL TRADER SHOWS YOU REALITY OF TRADING

IN FAST TIME AS IT TRADES NON STOP HUGH AMOUNTS OF TRADES

im shouting at myself that this is the point

ALL PITBALL TRADER shows you any body can make 100% hit rate

trading is corectly management of the dd

but you can use some of the features in PIT BULL TRADER

as a timing aid for your decisions on entry and exist in normal trading

its showing you that anyone system or indicaters is used over time
if not used wisly with a good drawdown control looses money

PIT BALL REALY SHOWS YOU ANY ONE CAN PRINY MONEY TRADING

how you apply your money management sytem to this is up to you

i can only give you this if you take AND PRACTICE

slow down use the method exactly as i gave it but in slow motion

one trade sytem 1 2 3

if it goes into profit in slot 1 2 or 3 take the profit

but after that if you dont know how to control dd one must learn correctly

from that point on once your drawdown gets out of control paSt you target percentage

simple stop trading and let the cycle of loss profit loss

allow you to rebalance your drawdown

the next stage is trend bias is a powerful tool that you have more positions following the trend in fast volatility is the key in trend bias trading

then rebalacing your trend bias

the simple system of correctly using slot the 3 and falling drawdown before taking profit makes this system work

but as one winds up PIT BULL TRADER IN FAST ACTION ONE NEEDS MORE SKILL IN DRAWDOWN CONTROL

THEN ONE NEEDS THESE SKILLS

setting drawdown max level firmly

eg 8% max as your account grows raise it 1% for every 2 k growth to max 25%

the maxium target alows you to stop trading 5% below your target

alow time and focus then on reducing drawdown

of course if you know how to use trend bias corectly you can run up and down drawdown

the fact you have used .o5 or .o3 is actualy giving you a system of using trend bias its a numbers game cointing positions in long balance against positions in short


if trend is short or long the more position causes drawdown to go down


but the trick is changing the bias to the present trend


so there is skill order on trend bias re changing fast reconising visuaL the start of new trend on PIT BALL TRADER USING AS A LONE TRADING PLATFORM

ALSO AS I RELY ON UNCONCIOUS TRADING NO THOUGHT TRADING
I CAN SEE THE PATERN OF TREND CHANGE ON THE TRADER AND AJUST MY ORDER BEFORE THE TREND CHANGE

THIS IS EXPERIENCE


one has to practice drawdown control over and over again fine tunning for unconcious trading


ok above ive covered the basic for stop trading

trend bias trading

no thought action based on price is skill training your self by repeated doing it over months and months

then of couse the skill of utalizing swap interest trading of high interest earning strategys for the ultimate dd control tool

so ive given you all PIT BULL TRADER AS AN AID FOR TRAIDING YOUR OWN SYSTEM OR INDICATERS

OR A STAND ALONE NO CHART TRADING SYSTEM ITS YOUR CHOICE

there is no right or wrong way to trade only what at the end of a year makes you money

i dont want to influence you but if want to learn some things ive learned
over the years ill start slolwly dropping in one method at a time

and discussing them slowly for you but first learn print money

i METHOD 1 2 3 SLOT POSITIONS
SEE THE PROFIT PUT THE ORDER ON BASED ON THE BOTTOM LINE

BOTTOM PROFIT SLOT

PUT THE ORDER ON GREATER LOTS THAN THE INDICATER EG INDICATER .1 ORDER .O4 OR ,O3 WHATEVER

ORDER RETURNS TO SLOT ONE OR 2 OR 3 IN PROFIT TAKE THE PROFIT


HAVE FUN TRADING

GOD BLESS FROM BRIAN

Brian is just showing a game mode to practice drawdown in real life you would use the .01 in demo as an indicator and only take trades in a live account with the trades consisting only of the currencies at the bottom of the demo list

ok after much review video watching and 2 days thurs and fri of quick testing.

I opened a demo account for $1200

trading at 0.01 lots, i traded from london open to london close

i did the plain and simple straightforward way of closing trades in profit bottom 3 and replacing them as per the videos.
So my balance went up and up, DD was stil there yes, we all know that
But this is how i personally did it, at the end of both days my EQUITY which includes DD was above my days starting balance, so London close i closed everything all the DD and was left with a positive day.

Next day London open repeat the process all day and rinse repeat etc

Thanks Stumpy. But what I don't understand is when I move to my live platform, I'm suppose to open a new trade for every trade I close. So If my .01 is sitting over on the demo account, then where do I get the two trades from once the indicator currency is in profit. If I just open a trade for .03 or whatever, then I'm still missing a trade to close. Open two trades on the live account?

Uggg the video was easy to understand but trying to explain myself in writing is killing me. lol